The following information was drawn from the records of Calico Company Income Statement Sales Revenue (260 @ $610 per unit) Cost of Goods Sold: Variable (260 @ $310 per unit) Fixed $ 158,600 (80,600) (8,500) Gross Margin Sales Commissions (260 @ $30) Depreciation Net Income 69,500 (7,800) (1,100) $ 60,600 Based on this information the magnitude of operating leverage is approximately (round to nearest hundredth): Multiple Choice 1.23. 1.16. 0.88. 1.10. The following information was drawn from the records of Calico Company Income Statement Sales Revenue (260 @ $610 per unit) Cost of Goods Sold: Variable (260 @ $310 per unit) Fixed $ 158,600 (80,600) (8,500) Gross Margin Sales Commissions (260 @ $30) Depreciation Net Income 69,500 (7,800) (1,100) $ 60,600 Based on this information the magnitude of operating leverage is approximately (round to nearest hundredth): Multiple Choice 1.23. 1.16. 0.88. 1.10.